All-in-one Finance App Digifox by DataDash Launches with Kyber Integration!
Digifox, an all-in-one DeCeFi application launched by popular crypto trader and Youtuber Nicholas Merten a.k.a DataDash, has integrated Kyber Network’s liquidity protocol, enabling users to easily invest and swap between cryptocurrencies without having to leave the application.
The world is increasingly mobile-first, with more people preferring to manage their finances and entertainment needs from the comfort of their mobile devices. Digifox offers a unique hybrid solution that combines both CeFi and DeFi elements, and Kyber is happy to support their efforts in bringing the benefits of blockchain and cryptocurrencies to thousands of users around the world.
Digifox is another great example of how crypto apps and wallets are able to embed token swapping functionality directly into their service by using Kyber.
Digifox
Digifox is an all-in-one finance app (available on iOS and Android) that helps to grow your savings, simplify investing, and allows you to send and spend money anywhere across the world. Digifox is the brainchild of Nicholas Merten, a well-known international speaker and the Founder of DataDash, the largest cryptocurrency YouTube channel in the world with over 340,000 subscribers.
Currently, managing finances can be complex, as users are overwhelmed by complicated onboarding and outdated banking apps as they plan out their finances. In addition, US users earn nearly zero interest on their savings, with the average savings account rate there being 0.07% APY. Money is also expensive to move, and credit cards charge 2–3% and international transfers cost $25–65, all of which costs over a trillion dollars annually. Digifox aims to address all of these issues through their new mobile app.
1. Trade: Exchange over 14 different cryptocurrencies, powered by Kyber. More currencies will be added over time.
2. Earn: Digifox offers interest earning opportunities of 5–9%, which is 50–100x the US national average.
3. Spend: With the Digifox debit card, you can spend your money at any Visa merchant. If the merchant uses Digifox as a payment solution, merchants can offer up to 2% cashback.
4. Deposit: Users can connect to their banks or make instant deposits from their debit cards. Digifox makes the entire process frictionless.
5. Transfer: Send money to friends, family, and clients around the world for as little as $0.15.
6. Protect: Digifox utilises “smart wallets”, a non-custodial solution that allows users to use familiar recovery mechanisms, such as email & two-factor authentication, without the need for seed phrases.
With the ability to save, earn money, buy and trade cryptocurrencies, streamline taxes and budget for your future all within one app, Digifox aims to be the banking app Generation Z needs. Find out more about Digifox here.
Enabling Seamless In-App Token Swaps with Kyber
With their Kyber integration, Digifox users can conveniently swap cryptocurrencies directly within the application. This removes the big hassle of first depositing and moving tokens to 3rd party exchange sites.
Token swaps are performed entirely on the Ethereum blockchain and can be easily tracked and verified. In the future, Digifox may also consider supporting non-custodial KNC (Kyber Network Crystal) staking services as part of its suite of services for users to earn rewards and compound interest.
“At Digifox, we have a single objective; to help the world become their own bank. In order to do so, we needed Digifox to be simple, functionable, and accessible to as many people as possible. Kyber Network makes it possible for anyone across the world to gain exposure to a wide range of quality, digital assets. I’ve been a supporter of the project since September of 2017, and I couldn’t be more proud to be working with the team who’s come so far in delivering on their original vision.” — Nicholas Merten, Founder of Digifox and DataDash
- Follow Digifox: https://twitter.com/digifox_finance
- Download Digifox on iOS: https://tinyurl.com/digifox-ios
- Download Digifox on Android: https://tinyurl.com/digifox-android
For developers interested in integrating Kyber
If you are interested in learning how you can integrate your wallet, DApp, or fund with Kyber’s liquidity protocol, please visit our Developer Portal and join our Discord!
For additional information, please contact Shane on Telegram https://t.me/shaneHk or Twitter https://twitter.com/shaneMkt
About Kyber Network
Kyber’s on-chain liquidity protocol allows decentralized token swaps to be integrated into any application, enabling value exchange to be performed seamlessly between all parties in the ecosystem. Using this protocol, developers can build innovative payment flows and applications, including instant token swap services, ERC20 payments, and financial DApps — helping to build a world where any token is usable anywhere.
Kyber is the most used and integrated decentralized finance (DeFi) protocol in the world, with over US$1Billion worth of transactions facilitated since its inception. Kyber supports over 80 different tokens, and powers over 100 integrated projects including popular wallets MEW, Trust, Enjin, Argent, Digifox, and the HTC Exodus smartphone, as well as DeFi platforms Nuo, DeFiSaver, InstaDApp, Set Protocol, Melon, and many others.
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